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Liberty Caller Editorial Team

Indictment Unveiled As Chinese Espionage Reaches Federal Reserve

A former senior Federal Reserve official has been indicted for allegedly providing China with confidential economic data, marking one of the most serious espionage cases involving the U.S. financial system. Federal authorities arrested John Harold Rogers, 63, accusing him of conspiring with Chinese intelligence officers while working as an economic adviser for the Federal Reserve.

According to the Justice Department, Rogers exploited his high-level position at the Fed between 2010 and 2021 to access restricted financial information. Beginning in at least 2018, he allegedly funneled sensitive data to Chinese operatives under the guise of teaching at a university in China. Investigators say he was compensated with a lucrative $450,000 salary as part of his activities.

The indictment reveals that Rogers’ contacts in China posed as graduate students but were actually linked to the country’s intelligence network. Prosecutors assert that the stolen data, which included information about interest rate decisions and economic forecasts, could have enabled China to manipulate financial markets to its advantage. “This is the kind of information that, if obtained by a foreign adversary, can be exploited in ways similar to insider trading,” authorities stated.

In addition to passing classified information, Rogers is accused of obstructing justice by lying to federal investigators in 2020. His false statements allegedly delayed the investigation, allowing him to continue his work for China for an extended period. The Justice Department emphasized the severity of the case, with U.S. Attorney Edward R. Martin Jr. warning, “Let this indictment serve as a warning to all who seek to betray the United States. We will hold you accountable.”

The FBI has long warned of China’s attempts to infiltrate American institutions, with this case adding to the growing list of espionage operations linked to Beijing. “This indictment sends a clear message that we will not allow foreign adversaries to gain a strategic advantage at the expense of the United States,” said FBI Assistant Director Kevin Vorndran.

The Justice Department and federal law enforcement agencies continue to investigate other potential espionage threats tied to China. As Beijing’s efforts to infiltrate key U.S. sectors become more aggressive, national security officials remain on high alert for similar cases of economic espionage.

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